Boeing locks in 7-year deal to triple PAC-3 MSE seeker output

Boeing announced Monday that it formalized a seven-year contract supporting the Pentagon’s Acquisition Transformation Strategy, signing an approximately $14.7 billion “undefinitized” agreement with the Pentagon that allows the firm to triple its Patriot Advanced Capability-3 Missile Segment Enhancement. “Early investment and a relentless focus on quality and execution have positioned us to now deliver seekers at unprecedented levels in the near-term, and we’re committed to building on that momentum,” Steve Parker, president and CEO of Boeing Defense, Space & Security, said in a release. “Our…